The Hard Truth Behind Today’s Money Stats

The Rachel Cruze Show

Ramsey Network

Self-improvement, Education, Investing, Business

4.8 • 3.6K Ratings

🗓️ 1 May 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If you’re feeling weighed down with money woes, like minimum payments, retirement savings or investment uncertainty, today’s episode is a must-listen! I’m debunking common myths about living with long-term debt, the state of the economy, and a potential retirement crisis on the horizon. What You Get in this Episode: The Ugly Truth About Minimum Payments Are We Still in a Recession? Why 75% of Americans Will Never Retire Helpful Resources: Christian Healthcare Ministries Carly Jean Los Angeles with code “Rachel” EveryDollar Enter The Ramsey Cash Giveaway for a chance at $3,000! 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 Carly Jean Los Angeles. 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	Hey you guys, all right, we all love the idea of free money, right?
0:04.1	Well, right now you can actually win some and our Ramsey Cash giveaway.
0:09.0	We are giving you a chance to win one of our $500 weekly prizes or the $3,000 grand prize.
0:16.5	Just go to RamseySolutions.com slash giveaway and enter daily.
0:21.3	No purchase necessary, but you must be 18 or older to win.
0:30.4	So starting at age 25, if you were to take that amount,
0:34.1	$1300 and invested it every single year instead of it going to minimum payments and interests,
0:41.1	you would have $695,000 to be exact.
0:46.1	Hey guys, welcome to this episode of the Rachel Crucio podcast.
0:49.6	I'm so glad that you're here.
0:51.5	So in this episode, we're going to talk about the hard truth about today's money stats.
0:56.4	We'll talk about why 75% of Americans will never retire and what you can do to change that.
1:02.9	Then I'll talk about the recession.
1:05.2	Are we in one?
1:06.4	Are we not?
1:07.3	What's going on?
1:08.8	We're going to talk about it.
1:10.1	But first, let's jump into the ugly truth about minimum payments.
1:14.2	Take a listen.
1:15.6	If you're someone who is still skeptical about committing full-on that you want to pay off all
1:20.8	of your debts, well, I hope this episode exposes some of the ugly truth
1:25.8	about the habit of just paying minimum payments.
	...

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