These Money and Life Habits Are Draining Your Wallet with Michael Easter

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.8 • 3.6K Ratings

🗓️ 18 December 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Winning with money is 20% knowledge and 80% behavior. That’s why I’m excited to sit down with one of my favorite authors to talk about how to break bad habits and change our mindset—specifically around money. Plus, I’ll talk about budgeting and one big mistake I see everybody making. What you get in this episode: · What Everybody Gets Wrong About Budgeting · How Comfort and Scarcity Drain Your Life and Wallet (with Michael Easter) Helpful Resources: · Start budgeting for free with EveryDollar. · Follow Michael Easter and check out his new book, Scarcity Brain. · Get Tapple at Walmart or wherever you buy board games. · Learn more about Christian Healthcare Ministries. 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, 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	We basically adapt to the level of comfort we're at and the level of comfort that we used to think was great now becomes uncomfortable.
0:12.0	50 years ago, the level of being the most comfortable person
0:15.3	on the block you would look at today and be like,
0:17.8	oh, that, oh my gosh, I can't believe we're living like that.
0:19.3	That's terrible.
0:21.8	Hey guys, welcome to this episode of the Rachel Cruise Show podcast.
0:25.2	I'm so glad that you're here.
0:27.0	So today we're going to talk about money and life habits that are draining your
0:31.0	wallet and what to do about it.
0:33.2	You'll hear a conversation I had with author Michael Easter
0:36.6	on how comfort and having a scarcity mindset can drain your wallets.
0:41.2	But first, let's talk about budgeting and the things most people get wrong about it.
0:46.0	Take a listen.
0:47.0	All right, you guys, we're going to go over today some budgeting questions that I get
0:51.6	all the time when it comes to percentages of your budget
0:55.2	and your budget categories.
0:56.8	But the thing is, is that I don't really look at my budget
1:00.3	that way.
1:01.2	That's why I'm not a big fan of the one-size-fits-all budget
1:04.3	when it comes to percentage guidelines because the budget is about your life and one-size
1:09.0	doesn't fit all. So how much should you spend on this or that can really depend on your income,
1:15.1	your household, your location, like where you live, your goals, your lifestyle,
	...

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