Proven Budgeting Habits for Building Long-Term Wealth

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.8 • 3.6K Ratings

🗓️ 8 January 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Building wealth is easier than you think. This week, I’ll weigh in on the “soft saving” trend and share some investing tips that will set you up for success in 2024. Plus, George Kamel joins me in the studio to tell you about how he went from negative net worth to millionaire in just 10 years. What you get in this episode: Why Gen Z May Never Retire How to Break Free From Broke (with George Kamel) 7 Investing Mistakes to Avoid This Year Helpful Resources: Preorder George’s new book, Breaking Free From Broke. Start budgeting for free with EveryDollar. Learn more about Christian Healthcare Ministries. 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: https://www.ramseysolutions.com/company/policies/privacy- policy

Transcript

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0:00.0	This entire system is designed to keep us broke and it's all very intentional and they're all in the hoops.
0:11.0	But you really believe it.
0:12.0	The credit scores and the credit card companies
0:14.6	and the credit bureaus, everyone's in on it
0:16.5	because they're all making money off of us.
0:18.2	And you become this rat in the maze.
0:22.1	Hey guys, welcome to this episode of the Rachel Cruise Show podcast.
0:25.6	I'm so glad that you're here.
0:27.6	So in this episode, I'm going to talk through proven budgeting habits
0:31.1	for building wealth long term.
0:33.0	I'll go over seven investing mistakes to avoid this year.
0:37.0	Then you're going to hear a conversation I had with my friend and fellow Smart Money
0:41.0	Happy Hour co-host, George Camel Camel on how to break free from broke.
0:45.0	But first let's chat about why Gen Z may never retire and what we can do about it.
0:52.4	Take a listen. Well hey you guys. retire and what we can do about it.
0:52.6	Take a listen.
0:53.6	Well, hey, you guys, I recently saw an article saying that Gen Z
0:58.0	expects to be able to retire by 61,
1:01.2	which obviously
1:05.0	doing what it takes for them to be able to retire by that age.
1:10.0	And what are the rest of us facing in terms of retirement? Will
1:14.3	millennials ever get there? So I'm going to share all of my thoughts and all of the
	...

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