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The Rachel Cruze Show

The Biggest Lies We Believe About Wealth

The Rachel Cruze Show

Ramsey Network

Self-improvement, Education, Investing, Business

4.83.6K Ratings

🗓️ 5 December 2022

⏱️ 26 minutes

🧾️ Download transcript

Summary

In this episode, we tackle some common lies and misconceptions about wealth building (and it gets a little controversial). We’ll go over the four biggest lies people believe about becoming a millionaire, address the question of whether or not building wealth is a sin, and reveal the biggest danger to your net worth so you’ll know what to be aware of!   Here’s what’s coming up: ·      The 4 Biggest Lies About Becoming a Millionaire ·      Is Building Wealth a Sin? ·      This Is the Greatest Danger to Your Net Worth   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. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We live in a culture that is so obsessed about what we have, what we look like, how much

0:11.6

money we make, how much money we have, and it ends up being part of how we define ourselves.

0:17.0

And that can be very dangerous.

0:20.2

Hey guys, welcome to this episode of the Rachel Crucio podcast.

0:26.6

I'm so glad that you're here.

0:28.7

So in this episode, we're going to talk about the lies we've been told about wealth.

0:33.0

I'm going to talk to you about the greatest danger to your net worth.

0:36.2

Then I'm going to help answer a question I've heard a lot in the faith community.

0:40.8

Is building wealth a sin?

0:43.2

But first, let's talk about the four biggest lies about becoming a millionaire.

0:47.6

Take a listen.

0:48.6

We're going to look at the largest study ever done on millionaires.

0:54.2

Yep, that's right.

0:55.9

Our team here at Ramsey Solutions pulled 10,000 random millionaires across the country.

1:02.5

And again, for this, your net worth, their net worth had to be a million dollars or more.

1:06.6

So what you own minus what you owe over a million dollars.

1:11.3

And we wanted to see, okay, so where did their money come from?

1:14.3

How do they live?

1:15.3

What do they look like?

1:17.1

And let me just say this, some of the findings might shock you.

1:21.0

So let's dig into the four most common money myths about millionaires.

1:26.7

So the first one is that millionaires are born rich, you know?

...

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