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The Rachel Cruze Show

The Two Terrible Habits Keeping You in Debt

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 2 October 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

When it comes to monthly spending, it can be easy to settle for “just getting by.” But wasting your paycheck on minimum payments forever is no way to live (or budget!)—here’s what to do instead. What You Get in this Episode: · Why the Majority of People Will Stay Broke · How Minimum Payments Take Years of Your Life Helpful Resources: Christian Healthcare Ministries 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[SP1]

Transcript

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0:00.0

everyone suddenly is acting like they're Jeff Bezos and let me just speak some

0:09.7

truth over you right now if your brain ever convinces you that being

0:14.1

thoughtful and intentional with your money means that you're missing out on

0:16.9

something better trust me you're not the problem and you're not alone hey guys

0:22.2

welcome to this episode of the Rachel Crucio podcast I'm so glad that you're

0:26.7

here or so if you're enjoying this podcast if you do me a huge favor and leave

0:30.7

a review will you please go down to that review area in the podcast section and

0:35.4

just write about what you enjoy about this podcast it helps so much for getting

0:40.8

this podcast in front of people so hopefully they can learn to take control of

0:44.8

your money because you know that's what it's all about or you wouldn't be

0:47.1

here all right you guys so in today's episode we're going to talk about two

0:50.6

terrible habits that keep you from becoming a millionaire I'll go over how

0:55.1

putting off paying off debt is one of your biggest wealth killers and why but

1:00.6

first let's talk about why majority of people will stay broke if they keep

1:04.1

doing this so today I really want to dig into the problem with credit card

1:09.0

debt and minimum payments so if you're familiar with what I teach you know

1:12.6

that I'm fully against credit cards and having debt but I think it's

1:17.6

important to show you why I have the stance when it comes to debt because yes

1:22.3

you may be able to see a credit card balance that's a thousand dollars and it

1:25.5

may not look so bad but you may not realize is that when you add up the amount

1:30.3

of interest that you end up paying over time you're literally getting robbed and

1:35.0

I always want you to have all the information you need to make the smartest and

...

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