Rachel Cruze on Mastering Your Money

Episode 391

Watch the full video interview on YouTube here: http://bit.ly/rachelcruze391

Rachel Cruze (IG: @rachelcruze) is a two-time #1 national bestselling author, financial expert and host of The Rachel Cruze Show.

Since 2010, she's served at Ramsey Solutions, where she teaches people to avoid debt, save money, budget and how to win with money at any stage in life.

Today we're discussing Rachel's new book, Know Yourself, Know Your Money: Discover WHY You Handle Money the Way You Do and WHAT to Do About It.

In this episode, we discuss:

Rachel's first money memory
The 3 envelopes: give, spend, save
Dave Ramsey's rebound from bankruptcy
How you view money is shaped by how you grew up
The 4 money classrooms
The "share don't scare" method for teaching children about money
The joy that comes through giving
Having a goal together as a family creates unity
Rachel's formula for mortgages
Gratitude is the first step toward contentment
Staying away from credit cards
Starting a $1000 emergency fund
Using the debt snowball to pay off your debt
Creating a monthly budget tracker
Saving 3-6 months of expenses
Not saving for retirement until after your debt is paid off
Rachel's work-life balance as a busy mom of 3
Finding your money "why"
Write down your goals for motivation
Counselling is self-care
Sitting in silence in the present moment
Don't let social media drive your purchases
Stop spending your life looking at a screen
You can make a change today

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Podcast Episode Details

Rachel Cruze on Mastering Your Money