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The Rachel Cruze Show

Wealth Building Habits That the 1% Swear By

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 29 July 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

💵 Start your free budget today. Download the EveryDollar app! This episode is all about smart money habits that help you build wealth. I’ll explore the concept of "stealth wealth," talk about the perks of sticking with your investments, and break down the 75/10/15 approach to budgeting. In This Episode: · What Is Stealth Wealth (and Do You Have It?) · 3 Reasons to Ride Out the Investing Roller Coaster · Does the 75/10/15 Rule Actually Work? Next Steps · 💰 Find out your investments’ earning potential! Use the Ramsey Investment Calculator to predict your future nest egg: https://ter.li/b0fs9c Offer From Today's Sponsor · 🏥 Learn more about Christian Healthcare Ministries. Listen to More From Ramsey Network 🍸 Smart Money Happy Hour 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Apparently this is how the 1% handles their money, the 7510-15 budgeting method.

0:12.1

And listen, I don't want to stir the pot,

0:13.6

but as somebody who's been on Baby Step 7 for years now,

0:17.7

I will say, I disagree with parts of this plan.

0:26.5

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

0:28.6

So in this episode, we'll chat about the importance of riding out the investment roller coaster.

0:34.0

Then we're going to discuss the trending budgeting strategy and if it actually works.

0:39.0

But first, let's talk about a new trending term, stealth wealth. And if you have it take a listen.

0:47.2

So there is a popular term going around the internet lately and it's something called

0:50.8

stealth wealth and social media they love a good rhyming phrase don't they?

0:55.2

Okay today I want to talk about what this term actually means and is stealth wealth a good thing

1:00.6

and how do you know if you have it and the last item on the list that I'm going to share

1:05.8

happens to be the number one wealth building tip that I stand behind and you don't want to miss that.

1:10.8

Okay first what does stealth wealth mean?

1:14.1

Well, according to Google, is trying to keep your wealth

1:17.7

under wraps by rejecting flashy indicators of affluence

1:21.5

and trying blending in instead.

1:24.4

Hmm, so it kind of sounds like quiet luxury, you know, we heard that term for a while.

1:29.6

Or when last year, you know, Tik-talk told everybody that money talks but wealth

1:34.3

whispers and I love that because there is a truth to it right like you kind of

1:39.1

of joke about like old money and new money and like if you're new to this

1:41.8

you're going to be flashier but if it's

...

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