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The Rachel Cruze Show

Why Americans Don’t Want to Be Millionaires

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 23 September 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

💵 Start your free budget today. Download the EveryDollar app! Would you rather sacrifice your lifestyle to become a millionaire ASAP or enjoy a comfortable life now? In this episode, learn why setting yourself up for success financially can lead to both. Next Steps: · 🎥 Watch my video What Is Stealth Wealth (and Do You Have It)? · 💰 Find out what’s possible with the Investment Calculator! Connect With Our Sponsors: · 🏥 Learn more about Christian Healthcare Ministries. · 🔒 Remove your personal information from the web and get 20% off your DeleteMe plan. Listen to More From Ramsey Network: 🍸 Smart Money Happy Hour 🎙 The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Ramsey Solutions Privacy Policy

Transcript

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0:00.0

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

0:05.2

So listen, I know that you were used to longer episodes on Mondays, but going forward we have split the episode

0:12.1

up into three segments that we're going to give

0:14.4

you a different episode on Monday, Wednesdays, and Fridays. So don't forget to come

0:19.6

back on Wednesday and on Friday for new episodes of the Rachel Cruz show.

0:24.6

So I hope you love this change.

0:26.1

I'm excited about it.

0:27.2

And again, can't wait for you to hear it.

0:29.3

Take a listen. Well, hey you guys, so according to a recent survey, more people say that they want to be financially

0:40.6

comfortable than reach millionaire status.

0:44.4

And funny enough, you know, I don't fully disagree with their sentiment.

0:48.6

Now, it may come as a surprise to some of you

0:50.8

because we often use words like baby steps millionaires or a million

0:53.7

dollar net worth all that but I want to talk you through what my thought

0:58.2

process is and you can decide for yourself what you think is better to live comfortably in general in your life or

1:06.4

is it better to become an actual millionaire?

1:09.8

So listen, having money goals I think is great, but honestly I think there's just something to say about hey

1:15.6

I want to get to this place where I have peace with my money and at the end of the day

1:20.5

Because of life and compound interest and all the wonderful things comes with

1:23.9

building wealth if I end up hitting millionaire status one day that's great but I

1:28.2

have found trying to hit this arbitrary number up there like I want to be a

1:32.3

millionaire by 35

...

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