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The Rachel Cruze Show

My Top Money Lessons That People Hate the Most

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 12 May 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a free personalized plan. In this episode, let’s lean into the controversy. Find out which of my money teachings people hate the most—plus why I still stand by them (and why you should too!). Next Steps: 🎥 Watch my video My Most Hated Financial Advice: Eating at Home. 💰 Invest in your future with a SmartVestor Pro. Ramsey Solutions is a paid, non-client promoter of SmartVestor Pros. 💵 The simplest way to budget. Download the EveryDollar app for free!   Connect With Our Sponsors:   🏥 Learn more about Christian Healthcare Ministries. 🔒 Get 20% off when you join DeleteMe.   Explore More From Ramsey Network: 🍸 Smart Money Happy Hour 🎙️ The Ramsey Show   💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman  📈 EntreLeadership   Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

After 15 years working in the personal finance space, there are obviously a handful of things

0:11.1

that I say that people have some big feelings about. So today we'll have a little fun,

0:15.2

lean into that controversy, and share six things that I believe and teach about money that most people hate to hear.

0:22.7

Now, let me know in the comments which one of these

0:25.2

is a little surprising to you,

0:26.5

and my guess will be probably number six.

0:28.8

But be sure to like, subscribe,

0:30.3

and share this video with a friend.

0:32.3

All right, number one, piece of advice

0:34.0

that people are like, eh,

0:35.3

is not buying a new car until you are a net worth

0:39.2

millionaire.

0:40.0

So, listen, when you have a million dollar net worth, then you have the ability to buy a new

0:46.4

car without it causing a lot of detriment to the numbers of your financial situation.

0:52.2

So here's what I mean.

0:52.8

When you buy a new car and you drive it off the lot,

0:56.3

automatically it's depreciated.

0:58.8

And then when you look at a year, two years, three years,

1:02.1

you lose so much money.

1:04.0

It's like the one thing that we buy in life

1:06.0

that goes down so fast.

1:09.2

Now, if you have the margin to be able to take that financial hit and it's

...

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