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The Rachel Cruze Show

Why People with the Same Income End Up Rich or Broke

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 21 May 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a free personalized plan. Winning with money isn’t about how much you make—it’s about how you manage it. In this episode, find out which four habits could be keeping you broke, no matter your income level. Next Steps: 🎥 Watch my video 45% of Americans Are Taking On Debt for THIS? 💵 The simplest way to budget. Download the EveryDollar app for free!   Connect With Our Sponsors:   🏥 Learn more about Christian Healthcare Ministries. 🔒 Get 20% off when you join DeleteMe. Explore More From Ramsey Network: 🍸 Smart Money Happy Hour 🎙️ The Ramsey Show   💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman  📈 EntreLeadership   Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Have you ever looked back at a time when you made less money and you thought, oh my gosh,

0:09.0

if that version of me knew how much money I was making today, I would think I made it.

0:13.6

I would be totally fine.

0:15.9

But here's the interesting thing.

0:17.5

Most people feel like steady salary growth still has not solved their money problems. So let's talk

0:23.5

about why people with the same income can end up in such different places financially and four

0:30.0

habits that will keep anyone broke no matter how big their salary is. So make sure to like,

0:35.3

subscribe, and share this episode with a friend. Okay, you've probably

0:38.9

heard the term lifestyle creep, but if you kind of need an explanation, this is what it means. It's just

0:44.0

like slowly over time, your expectations of life and the way you spend money just keeps getting

0:49.3

better and better and better. The quality of your life continues to raise as you make more money,

0:53.7

and because of that,

0:54.5

you end up spending more money on those things. So as your income grows, so does your lifestyle.

0:59.9

And so knowing that people of all income levels experience lifestyle creep, the reality is

1:05.5

that sacrifices have to be made. If you are still in a process of paycheck to paycheck living, even if you feel like

1:12.1

you're making more money today, there has to be some sacrifices in the short term. So once you

1:17.1

decide that you're willing to change your behavior around money, here are four habits keeping you

1:22.7

broke that you may need to cut out. Okay, before we dive into those, I do want to tell you about one

1:26.8

of our sponsors,

1:33.4

Christian Healthcare Ministries. Health insurance costs are only moving one way, and that way is not down. The wait times are longer, and it's harder than ever to get anything approved. So if you feel

1:38.9

like the system is working against you, try Christian Health Care Ministries, a biblically based

1:43.7

alternative to health insurance.

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