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The Rachel Cruze Show

The Best and Worst Things to Do With Your Money

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 7 August 2023

⏱️ 27 minutes

🧾️ Download transcript

Summary

Take advantage of 2023’s high interest rates and put them to work for you! I’ll tell you how. Also in this episode, you’ll hear about one place you should never—really, never—keep your money and why denial isn’t just a river in Egypt (and other things I’ve learned hosting The Ramsey Show). What you get in this episode: · The LAST Place You Want to Keep Your Money · What I’ve Learned Hosting 1,000+ Hours of The Ramsey Show · Are You Missing Out on Free Money? Helpful Resources: · Learn more about Christian Healthcare Ministries today! · Take back control of your money with Financial Peace University. · 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 The Op Games. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Well, the Ramsey Cash giveaway is back and you could win one of our $500 weekly prizes

0:05.9

or the $3,000 grand prize. To enter, all you got to do is go to RamseySolutions.com slash giveaway

0:13.5

and make sure you come back and enter every single day for more chances to win.

0:18.0

There's no purchase necessary, but you must be 18 or older to win.

0:21.7

I was on article a couple months ago saying that account interest rates have officially reached

0:33.8

a 15-year high, but not as many Americans are benefiting from this as there should be.

0:40.4

That's right, you're welcome.

0:43.8

Hey guys, welcome to this episode of The Rachel Crew Show podcast. I'm so glad that you're

0:49.2

here. So in this episode, we're going to talk about the best and worst things to do with your

0:54.2

money. I'll talk about how to make more money for free. Then we'll talk about what I've learned

0:59.9

after hosting a thousand hours of the Ramsey Show over the years. You don't want to miss it.

1:06.0

But first, let's talk about the place you shouldn't be keeping your money right now and why.

1:11.4

Take a listen. Okay, if you know me, you know I'm always talking about the importance of budgeting

1:17.1

and saving for an emergency fund, investing, creating temporary sinking funds even for the future.

1:22.7

I mean, all the things. But today, I want to tell you about the one place you definitely don't

1:27.6

want to leave your money long-term. And with the rise of the internet and smartphones,

1:33.1

there has been a significant increase in identity theft, security breaches, scams, you name it.

1:39.1

And because of this increase, it is more important than ever for you to be vigilant about where

1:44.6

you're keeping your money. So I want to go over some recent updates on this topic and how to

1:49.1

protect yourself and your money to make sure that they're not at risk and where to store your

1:54.4

money long-term so it grows over time and the fact that it's secure. All right, let's get back to

2:00.3

talking about where you shouldn't keep your money. So I saw a Washington Post article back in June

...

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