Should You Avoid These Popular Money Moves?

The Rachel Cruze Show

Ramsey Network

Self-improvement, Education, Investing, Business

4.8 • 3.6K Ratings

🗓️ 5 September 2022

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Get ready to hear my hot take on the FIRE movement! Plus, we’ll talk about inflation and some strategies for dealing with it, and I’ll react to a hilariously honest video about credit card companies. In this episode: · Was It a Mistake to Pull Your Money Out of the Market? · Is It Really Possible to Retire Before 35? · The Video Credit Card Companies Don’t Want You to See Helpful Resources: Christian Healthcare Ministries Financial Peace University 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. Visit megaphone.fm/adchoices

Transcript

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0:00.0	A recession is when the GDP recedes two quarters in a row.
0:10.2	There's debate for inter-recession, but my textbook in Econ 101 even does it technically
0:16.4	yes we are inter-recession if you want to look at the textbook definition.
0:19.5	Hey guys welcome to this episode of the Rachel Crucio podcast.
0:25.2	I am so glad that you're here.
0:27.3	Today I'm going to be reacting to a video called Why Credit Cards Are a Scam From The Comedy
0:34.2	YouTube Channel Cracked.
0:36.2	It's part of their series called Honest Ads and I can't wait because I hear it's a little
0:41.1	sarcastic which I just appreciate that.
0:43.6	So in this episode we're going to talk about popular topics right now.
0:47.6	We're going to talk about the fire movement also known as the financial independent retire early
0:52.7	and is it possible to retire before 35?
0:56.7	Well we're going to talk about it but first let's go into why it was a mistake to pull your
1:01.7	money out of the market.
1:03.6	Take a listen.
1:05.2	All right we're going to talk a little bit about the economy this episode okay.
1:09.6	It's going to get a little nerdy but just stay with me because I want to prove a point to you
1:13.4	because I want to talk about investing and just the idea when we talk about it's like a roller coaster
1:18.0	but stay in it and when fear happens people want to pull their money out because they're freaking
1:22.6	out and I think the world's coming to an end and I always tell them don't ride it out, ride it
1:27.1	out because it's going to go back up.
1:28.3	So let's look at that because we've had some freakouts and some fear recently and you can start
	...

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